The fund is managed by HSBC's active management specialist, Halbis Capital Management, and will provide exposure to a diversified portfolio of equity and equity-equivalent securities.
"Over the past 15 years, emerging markets have grown significantly faster than developed markets and this is a trend that we expect to continue," HSBC Australia head of global investments Charles Genocchio said.
"More recently, emerging markets have become key drivers of global growth, acting as stabilisers for the global economy. Over the next 10 years, we expect to continue to see a fundamental rebalancing of the world economy towards these markets, especially Asia."
Standard & Poor's has rated the new fund three stars.
The minimum initial investment for institutional investors is $500,000, while retail investors can access the fund through platforms.